Crossmark Global Holdings Inc. Sells 162 Shares of Sanmina Co. (NASDAQ:SANM)

Crossmark Global Holdings Inc. cut its position in shares of Sanmina Co. (NASDAQ:SANM) by 4.0% during the 3rd quarter, Holdings Channel reports. The firm owned 3,927 shares of the electronics maker’s stock after selling 162 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sanmina were worth $268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UniSuper Management Pty Ltd purchased a new position in Sanmina during the first quarter worth about $741,000. Janus Henderson Group PLC boosted its holdings in Sanmina by 64.8% during the first quarter. Janus Henderson Group PLC now owns 134,807 shares of the electronics maker’s stock worth $8,381,000 after purchasing an additional 52,995 shares during the last quarter. Atria Investments Inc purchased a new position in Sanmina during the first quarter worth about $1,005,000. Oppenheimer Asset Management Inc. boosted its holdings in Sanmina by 40.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 34,692 shares of the electronics maker’s stock worth $2,298,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Caxton Associates LP boosted its holdings in Sanmina by 365.9% during the second quarter. Caxton Associates LP now owns 22,276 shares of the electronics maker’s stock worth $1,476,000 after purchasing an additional 17,495 shares during the last quarter. 92.71% of the stock is currently owned by hedge funds and other institutional investors.

Sanmina Stock Down 0.9 %

SANM opened at $76.96 on Monday. The company has a quick ratio of 1.32, a current ratio of 2.05 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 1.30 and a beta of 0.89. Sanmina Co. has a twelve month low of $48.58 and a twelve month high of $86.05. The company’s 50-day moving average price is $69.97 and its two-hundred day moving average price is $68.63.

Sanmina (NASDAQ:SANM) last posted its quarterly earnings results on Monday, November 4th. The electronics maker reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.07. Sanmina had a net margin of 2.94% and a return on equity of 10.47%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, equities analysts expect that Sanmina Co. will post 4.84 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SANM. StockNews.com upgraded shares of Sanmina from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th. Craig Hallum boosted their target price on shares of Sanmina from $62.00 to $69.00 and gave the company a “hold” rating in a research note on Tuesday, November 5th.

Sanmina Company Profile

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. It operates in two businesses, Integrated Manufacturing Solutions; and Components, Products and Services. The company offers product design and engineering, including concept development, detailed design, prototyping, validation, preproduction, manufacturing design release, and product industrialization; assembly and test services; direct order fulfillment and logistics services; after-market product service and support; and supply chain management services, as well as engages in the manufacturing of components, subassemblies, and complete systems.